Categories Earnings, LATEST, Retail

Express, Inc. (NYSE: EXPR): Q3 2019 Earnings Snapshot

— Apparel retailer Express, Inc. (NYSE: EXPR) reported an adjusted loss of $0.03 per share for the third quarter of 2019, vs. $0.09 per share loss expected.

— Net loss was $3.1 million, or $0.05 per share, compared to net income of $8.0 million, or $0.11 per share in the third quarter of 2018

— Net sales decreased 5% to $488.5 million from $515.0 million in the year-ago quarter, vs. $483.25 million expected

— Total retail sales decreased to $356.8 million from $388.8 million in the third quarter of 2018; comparable retail sales, including Express stores and e-commerce, decreased 5%

— Repurchased a total of 16.4 million shares for $116.0 million under the buyback program, including 2.8 million shares for $8.7 million in the third quarter

— Expects comparable sales to drop 1% to 3% in the fourth quarter; sees Q4 net earnings in the range of $0.16-$0.21 per share

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top